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Alleghany to acquire workers comp underwriter

NEW YORK—Property/casualty insurer Alleghany Corp. said Monday it has reached agreement to acquire Employers Direct Corp., an Agoura Hills, Calif.-based workers compensation insurance holding company, for $190 million. Employers Direct,...

Group sues AIG over comp settlement

NEW YORK—American International Group Inc.’s troubles stemming from its nationwide underreporting of workers compensation premiums continues, despite the $1.64 billion settlement reached with New York and federal authorities in 2006....